GCC: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in GCC

In 2022, the GCC grape juice (single strength) market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Grape Juice (Single Strength) in GCC

In value terms, grape juice (single strength) production rose sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a measured expansion. The growth pace was the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Grape Juice (Single Strength)

Exports in GCC

For the fourth consecutive year, GCC recorded growth in shipments abroad of grape juice (single strength), which increased by X% to X tons in 2022. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, grape juice (single strength) exports soared to $X in 2022. Overall, exports saw a strong increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the major exporter of grape juice (single strength), achieving X% of total exports. Saudi Arabia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Bahrain (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bahrain (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X), Bahrain ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Imports of Grape Juice (Single Strength)

Imports in GCC

In 2022, purchases abroad of grape juice (single strength) decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, grape juice (single strength) imports fell notably to $X in 2022. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Kuwait represented the major importing country with an import of about X tons, which resulted at X% of total imports. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (X%). Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to grape juice (single strength) imports into Kuwait stood at X%. At the same time, Oman (X%), Qatar (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Kuwait (X p.p.), Qatar (X p.p.), Oman (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Qatar ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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